RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:Shares outstanding
from my understanding that is true to a certain extent. The only obligations companies have to do a quarterly reporting on Sedar. All the information needs to be provided in those filings. Companies are not otherwise obligated to anything else. Nevertheless, they know it is in their interest to issue public news as well as updates to keep retailers interested. The truth however the real ones companies are dealing with are businesses and financial houses and retailers are hand and glove. Companies are indirectly selling to us...we are a secondary market they sell first to the brokers and financers and in this way we are Aways the last to know...monies doesnt directly comes from it flows through the houses we buy shares from. By the way stocks are not debt instruments meaning the companies dont have any obligations to us in the sense of bankruptcy etc but to all creditors so to sue them is near impossible and it would need to be on falsifying info. There have been legal teams trying to sue at tech and couldnt...alleging they were manipulating sales numbers hurt the share price a bit. But it is very difficult to do anything other than protect yourself. Pennies work on ongoing press however and people expect news at least once a month. Some companies give way too much press it amounts to fluff news others not so much but seem on average once a month. There may be others less often. And even when once a month I see people complaining all the time about Jack of update and transparency but from my understanding the only thing companies are obligated as stated at the top are quarterly Sedar filings where all information needs to be provided.